7/22/2009

Obama claims credit for saving the economy

Be serious:

White House Chief of Staff Rahm Emanuel told The New York Times Obama intends to use the news conference as a "six-month report card," to talk about "how we rescued the economy from the worst recession" and the legislative agenda moving forward, including health care and energy legislation. . . .

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4 Comments:

Blogger Angela said...

But in all fairness, aren't there some indicators that the worst may indeed be over?

http://mjperry.blogspot.com has been documenting positive indicators for a few weeks now.

7/22/2009 1:03 PM  
Blogger John Lott said...

Dear Angela:

You might read these pieces here and here. Economists were predicting that the economy would be growing in the second half of this year from last fall on. What happened with the stimulus is that the expected growth rate has gone down since the stimulus bill was passed. The economy has gotten worse than economists were expecting after the stimulus. And as I explained before the stimulus passed, the stimulus bill was expected to make things much worse. Thanks for your question.

7/22/2009 4:12 PM  
Blogger Angela said...

Thanks so much for the links and the answer!

7/22/2009 4:37 PM  
Blogger David said...

That is the problem with deciding what better is. It all depends on what one thinks better is.

If more government interference of business is good then I guess it is better.

As far as health care, well, Obama did such a good job with Chrysler...

7/22/2009 8:22 PM  

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